Today in Cleantech

Stay on Top of Enterprise Technology Trends

Get updates impacting your industry from our GigaOm Research Community
Join the Community!

The second quarter’s greentech venture capital investment figures are out, and they’re not that hot, according to the Cleantech Group. The analysis firm recorded $1.83 billion in private investment into global green technology startups in the second quarter, down 10 percent from the first quarter’s $2.03 billion and down one-third from the $2.75 billion recorded in the second quarter of 2010. Part of the second quarter’s decline had to do with a dearth of large-scale investments, with only one $100 million-plus round for Fisker Automotive, compared to seven $100 million-plus rounds in the first quarter. At the same time, early-stage financing remained hard to come by, with only 13 percent of the quarter’s total going to seed round or series A investments. The second quarter did hold a positive note for the energy efficiency sector, which for the first time took the top slot with $428 million, beating out solar with $363 million, biofuel with $237 million, green transportation with $173 million and energy storage with $132 million. LED companies led the energy efficiency sector’s haul, with big investments including Bridgelux’s $80 million round and QD Vision’s $22 million, but other big rounds in the sprawling efficiency sector included $50 million for home security and energy software startup iControl and $25 million for high-efficiency power conversion tech provider Transphorm.